Sec. 3. Reports to Congress
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The Agricultural Foreign Investment Disclosure Act of 1978 is amended by inserting after section 4 ( 7 U.S.C. 3503 ) the following: Beginning 180 days after the date of the enactment of the Agricultural Foreign Investment Disclosure Reform Act , and annually thereafter, the Secretary shall, using information obtained under section 2, submit to the Congress a report on foreign investment in agricultural land in the United States. Beginning 90 days after the date of the enactment of the Agricultural Foreign Investment Disclosure Reform Act , the Secretary shall, using information obtained under section 2, publish on the internet website of the Department of Agriculture, and update every 90 days thereafter, a database listing the agricultural lands owned by foreign persons.
Such listing shall be limited to the information described in paragraphs (1), (3), (4), (5), and
(7)of section 2(b). Not later than 90 days after the end of each covered period, the Secretary shall— analyze information obtained by the Secretary under section 2 and determine the effects of foreign persons acquiring, transferring, and holding agricultural land, particularly the effects of such acquisitions, transfers, and holdings on family farms and rural communities; and transmit to the President and each House of the Congress a report on the Secretary’s findings and conclusions regarding— each analysis and determination made under paragraph (1); and the effectiveness and efficiency of the reporting requirements contained in section 2 in providing the information required to be reported by such section. In this subsection, the term covered period means each of the following periods: The 10-year period beginning on the date of the enactment of Agricultural Foreign Investment Disclosure Reform Act . Each 10-year period thereafter. .
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Sec. 3
Reports to Congress
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